IBC
Reliance Capital lenders finalise RFRP for bidders; approval expected next week
Wed, Apr 13, 2022
The RFRP document sets the guidelines for the submission and evaluation of the resolution plan and is shared with all the companies which have submitted Expression of Interest (EoI) for the submission of financial bids
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Valuation falls each day, insolvency professionals need to work within time frame: IBBI
Sat, Nov 13, 2021
Speaking at a webinar organised by MCC, whole time member of IBBI Navrang Saini said the IPs should be transparent and they should also ensure that the resolution plans are worked out in a time-bound manner
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NCLT poses tough questions to lenders and Siva Industries
Fri, Jun 18, 2021
NCLT Chennai bench today posed some really tough questions to the Resolution Professional, lenders committee and Siva Industries & Holdings while hearing the withdrawal application filed by Resolution Professional to settle the dues of banks and other lenders.
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Siva Industries case: The BIG GAME of Bank, NPA and Settlement! WHY banks agreed to settle huge loan of Rs 4863 crore at just Rs 323 cr? BIG QUESTIONS RAISED!
Wed, Jun 16, 2021
Siva Industries Loan Settlement Case: Some serious allegations and questions have been raised with respect to Siva Industries and Holdings case that has grabbed the limelight.
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Insolvency and Bankruptcy Code: 'IBC raised confidence of all investors in Indian economy'
Sun, Oct 25, 2020
The Insolvency and Bankruptcy Code (IBC) has not only strengthened the banking system by helping them resolve outstanding debt piled over years but has also come as a big booster of confidence of national and foreign investors in the Indian economy.
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250 distressed firms rescued under insolvency law till June, says Sahoo
Fri, Sep 18, 2020
Asserting that rescuing the lives of firms is the main objective of the insolvency law, IBBI Chairperson M S Sahoo on Thursday said that around 250 distressed firms have been rescued through insolvency resolution plans till June 2020
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SBI chief urges investors to take part in stressed assets sector
Fri, Sep 18, 2020
State Bank of India (SBI) Chairman Rajnish Kumar on Thursday invited investors to take part in the country's stressed assets sector. He also reiterated that the Insolvency and Bankruptcy Code (IBC) is not a recovery mechanism for lenders, but rather a means to preserve the value of enterprise
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Big relief! No fresh insolvency to be initiated for 1 year under IBC, says FM Nirmala Sitharaman
Sun, May 17, 2020
In a bid to give relief to companies defaulting on loans due to the COVID-19 stress, Finance Minister Nirmala Sitharaman on Sunday said no fresh insolvency will be initiated for one year under the Insolvency and Bankruptcy Code.
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